Diamond Ranch creates
Oct 6, 2010 10:17 AM
Diamond Ranch Foods Ltd (OTC BB: DRFO), a foodservice distribution company specializing in meat, poultry, and seafood processing, has begun forming a re-distribution network within the tri-state area consisting of New York, New Jersey, and Connecticut for several of its branded products.
The manufacturer, fabricator, and first-line receiver of products, has begun shipments to four re-distributors in October 2010. It plans to expand that network with more re-distributors in the coming months.
“The significance of a re-distributor network,” said Victor Petrone, Diamond Ranch chief financial officer/chief operating officer, “is that it will allow the company to acquire an expansive customer base, affording larger volumes of product sales and broader brand recognition. This in turn gives the company more buying power with manufacturers. Re-distributors customarily receive limited credit terms, thus increasing cash flow and quality of the company’s receivables.
The company‘s USDA-inspected facility is in the Hunts Point Cooperative Market (Bronx NY), which serves a diversified customer base throughout the tri-state region, including supermarket chains, restaurants, hotels, deli/catering operators, institutions, and industry suppliers.
Visit www.diamondranchfoods.com/ for more details.
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